NCB weighting down Main Market

The heavily weighted NCB Financial continue to pressure trading on the Jamaica Stock Exchange Main Market, with the stock trading at a 52 weeks’ intraday low of $54.95 more than $10 lower than the ill-fated public offer price of $65 that closed a few weeks ago and pressuring the stock to a multi-year low.
Trading ended on the Main Market, with trading in 54 securities compared with 55 on Wednesday, with prices of 18 stocks rising, 26 declining and 10 ending unchanged.
The market closed with a 34 percent decline in the volume of 6,262,498 shares being traded down from 9,539,890 units on Wednesday, with the value traded falling 24 percent to $48,874,680 from $64,529,225.
Trading averaged 115,972 shares at $905,087 compared to 173,453 units at $1,173,259 on Wednesday and month to date, an average of 231,955 units at $1,654,256 compared with 240,217 units at $1,707,627 on the previous day and May that closed with an average of 336,947 units at $2,177,110.
Sagicor Select Financial Fund led trading with 1.82 million shares for 29.1 percent of total volume followed by Transjamaican Highway with 1.37 million units for 21.8 percent of the day’s trade and QWI Investments with 1.0 million units for 16 percent of the day’s trade.
The All Jamaican Composite Index rallied 961.07 points to finish at 353,433.03, the JSE Main Index skidded 477.47 points to end the day at 315,932.85 and the JSE Financial Index skidded 0.24 points to end at 66.52.
The Main Market ended trading with an average PE Ratio of 14.2. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of market activity, AS Bryden sank $4.65 and ended at $37, with 50 stocks clearing the market, Caribbean Cement skidded $2.62 to $61.28 with investors swapping 13,472 units, First Rock Real Estate advanced 65 cents to finish at $9.50 and closed after an exchange of 489 shares. GraceKennedy fell $1.40 to $75 with traders dealing in 20,916 stock units, Guardian Holdings dipped $10 to close at $350, with 9 shares changing hands, Jamaica Stock Exchange lost 90 cents to end at $9.60 with investors transferring 20,000 units. JMMB Group popped 99 cents to $24 after exchanging 14,434 stocks, Kingston Wharves declined $1.71 to finish at $24.04 with 20,219 stock units crossing the market, Margaritaville shed 77 cents and ended at $15.45 with an exchange of 70 shares. Massy Holdings climbed $1 to close at $88 in trading 20,241 stock units, Mayberry Group dropped 98 cents in closing at $7.02 as investors exchanged 5,387 stocks, Mayberry Jamaican Equities slipped 40 cents to end at $9.12 after a transfer of 700 units. NCB Financial fell 95 cents to end at a 52 weeks’ closing low of $56.80 with investors dealing in 425,340 stocks, 138 Student Living rose 50 cents to finish at $4.10 in an exchange of 8,035 units, Pan Jamaica declined $1.97 to $48, with 26,900 shares crossing the market. Sagicor Real Estate Fund rallied 53 cents to end at $8.03 in an exchange of 161 stock units, Seprod lost $1 in closing at $78.50 after 1,596 shares passed through the market, Stanley Motta increased 91 cents to close at $6.91 with a transfer of 350 units and Sygnus Credit Investments gained 44 cents to $10.90 after an exchange of 106,765 stocks.
In the preference segment, Eppley 7.50% preference share rose $1 and ended at $6.50 with investors trading 142 stock units and Jamaica Public Service 7% rallied $1.99 to end at $47.99, with 522 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.